Compliance Updates
RMG agrees media rights renewals with British racecourses
Racecourse Media Group (RMG) is delighted to announce it has agreed British racecourse licence extensions for audio-visual and data rights for a new five-year term.
The renewals cover 35 racecourses for their LBO rights and 33 racecourses for all other aspects of their media rights including streaming (Watch & Bet), direct to home (DTH), terrestrial TV and international betting and non-betting until December 31, 2028 .
RMG is 100% owned by its racecourse shareholders and pays 100% of operating profit back to racecourses, which, in turn, benefits the sport. This collective and collaborative ethos has seen RMG’s businesses become the biggest single funder of British horseracing.
It means the likes of the Randox Grand National Festival, Cheltenham Festival, Cazoo Derby Festival, Qatar Sussex Stakes and the Juddmonte International Stakes – which was awarded the Longines World’s Best Race accolade in 2020 – will remain in RMG’s portfolio until at least 2029.
With RMG adding all 26 Irish racecourses to its coverage in 2019, it means that five of the top 11 races run in the world last year were broadcast live on RMG’s channel, Racing TV, which is fronted by the two most recent HWPA broadcasters of the year, Nick Luck and Lydia Hislop.
Roger Lewis, Chairman of RMG, said:
“On behalf of the Board of Directors of RMG, I thank our shareholders for the trust and confidence they have once more placed in RMG.
“This is a pivotal moment for British racing. The RMG Racecourses, with a unity of purpose, have created business clarity and confidence for years to come. The certainty which this landmark, long-term agreement provides is very special for everyone involved in British racing.
“The RMG Board pays particular tribute to the outstanding leadership of the RMG CEO, Martin Stevenson, who together with his great team of RMG executives navigated this complex and detailed process with rigour, patience and clear focus.
“RMG now looks forward to serving its shareholder racecourses, which, in turn, benefits the sport of racing for the foreseeable future.”
Martin Stevenson, CEO of RMG, said:
“It is a matter of great pride that racecourses have placed their rights in RMG’s hands again. RMG has a superb team, who, from the production to the commercial offices, are committed to ensuring first-class output and long-term sustainable growth for our racecourses.
“This will be achieved by continuing to create innovative and different ways of bringing the sport to life and showcasing it to our broad range of audiences. This is also made possible by our much-valued media, technical, broadcast, commercial and bookmaking partners, and, of course, the owners, trainers, breeders, jockeys and stable staff.
“We look forward to continuing to work with Newbury on the remaining period of their term until 2024 and we wish them well thereafter.”
Nevin Truesdale, Chief Executive of The Jockey Club, which runs 15 UK racecourses including Aintree, Cheltenham, Epsom Downs and both tracks in Newmarket, said:
“RMG has consistently delivered significant value from media and data rights over a 17-year period and unlocked revenue streams in the betting space far more than any other sport. This has supported JCR’s ability to make significant investments into prize money and enhance the experience we offer to participants and customers.
“More recently, the income RMG has delivered to all its shareholder racecourses has been vital through the very difficult pandemic period without spectators and other on-course revenues. I am excited by many of the technology developments that lie ahead, particularly in the in-play betting space and further development of Watch & Bet. RMG has a really important role to play in our sport’s growth in the years ahead.”
Adam Waterworth, Sport Managing Director at Goodwood Estate, said:
“As one of the founding members of Racing UK in 2004, we are delighted to continue our relationship with Racecourse Media Group until 2029. RMG’s model of racecourse ownership gives racecourses complete control over the commercialisation of their media and data rights. Racing TV’s innovative production and award-winning presentation has taken racing broadcasts to the next level – and we are delighted our events will receive the world-class coverage they merit until at least 2029.”
Jeremy Martin, Executive Director of Salisbury Racecourse, said:
“Licence fees are a significant element of the executive contribution to prize-money and mean that we can continue investing in the facilities to improve our customers’ experience, where and when necessary. RMG has a long, proven record of delivering the best performance and we are delighted to renew for another five-year term.”
Powered by WPeMatico
Compliance Updates
MGA: Updates Relating to the “New Recognition Notice Certificate” and “Recognition Notice Certificate Annual Maintenance” Applications
The Malta Gaming Authority (MGA) has notified all prospective and current holders of a Recognition Notice Certificate (RN Certificate) that the guidance pages for the following applications have been updated:
New Recognition Notice Application; and,
Recognition Notice Annual Maintenance Applications.
The Applications Page has been updated to reflect the documentation that is required to be submitted via the Licensee Portal to apply for a new RN Certificate. Particular attention is to be paid to the details which are to be covered in the “Legal Opinion” section.
The Compliance Page now reflects the documentation that is gathered annually when the RN Certificate maintenance application is reviewed by the MGA. The RN Certificate holder has to submit a “Recognition Notice Annual Maintenance” application via the “Online Services” dropdown in the Licensee Portal on an annual basis, prior to the anniversary of the RN Certificate. The application should be submitted at least two months prior to the anniversary.
Should there be any changes made to the licence/s issued by the foreign jurisdiction, the addition of new foreign licence/s, or pertinent changes to company details, RN Certificate holders will now be required to submit a new application found within the “Online Services” dropdown: “Changes to Recognition Notice Certificate” application. This application must be submitted whenever there are updates to the details previously provided to the Authority. This includes adding new foreign licences, modifying existing foreign licences in the current RN Certificate, and updating company details, directors, or domains.
RN Certificate holders should ensure that the information held on record is accurate and representative of the RN Certificate holder’s operations at all times, and not just at Annual Maintenance stage.
The changes to the application requirements for both new RN Certificates, as well as the Annual Maintenance of the RN Certificate, will come into force as of 1 July 2024, although applications submitted in line with the revised guidelines before this date will also be accepted.
The post MGA: Updates Relating to the “New Recognition Notice Certificate” and “Recognition Notice Certificate Annual Maintenance” Applications appeared first on European Gaming Industry News.
Industry-leading poker experts commit to expanding in competitive and highly regulated Dutch market
EvenBet Gaming, a leading developer of online gaming software and solutions, has secured a Dutch certification to provide regulated gaming operators in the Netherlands with access to its suite of poker and card games.
The country’s regulator Kansspelautoriteit (KSA) awarded the certificate following a BMM Testlabs technical assessment, marking a crucial milestone in EvenBet’s strategic growth plans.
The Netherlands regulated online poker in 2021, and EvenBet’s entry cements its spot as one of the few providers offering this product vertical in the region.
Licensed Dutch operators can now integrate EvenBet’s most popular poker and card games, as well as benefit from a sophisticated CRM solution to manage poker tables and customers.
While many major providers and operators in the online poker sphere have exited the market following regulatory updates, EvenBet’s arrival highlights its dedication to bolstering its presence in highly regulated jurisdictions and strengthening its overall reputation as a trusted supplier.
Dmitry Starostenkov, CEO at EvenBet Gaming, said: “Receiving a Dutch certification is a key moment in EvenBet’s history. It showcases our desire to work within the strictest jurisdictions to ensure players receive the highest-quality gaming experience and that sports betting operators, casinos and dedicated poker rooms have the tools to manage these effectively.
“It is the latest move in our extensive commercial strategy, and we are delighted to be entering a market that is serviced by only a handful of the most dedicated developers.”
The post EvenBet Gaming obtains certification to enter the Netherlands appeared first on European Gaming Industry News.
The Malta Gaming Authority (MGA) has published a new guidance manual related to the reporting of the Alternative Dispute Resolution (ADR) proceedings. The manual aims to provide licensees with a clear outline of the expected requirements and procedures relating to the submission of monthly ADR reports using the Licensee Portal on the website.
In line with Part V of the ADR Directive (Directive 5 of 2018), B2C licensees are required to report to the Authority each dispute that has been referred to the ADR entity, together with the conclusion of such dispute once a decision has been taken by the ADR entity. In this regard, a new report entitled “ADR Report” has been created and can be accessed from the “Company Timeline” on the Licensee Portal.
This reporting requirement comes into effect from this month. Consequently, the first submission needs to be made by not later than 20 June 2024, whereby licensees are required to report the disputes that were referred to their respective approved ADR provider in the previous month.
The post MGA Publishes New Guidance Manual Related to Reporting of ADR Proceedings appeared first on European Gaming Industry News.
-
Baltics6 days agoSlotsjudge to Attend MARE BALTICUM Gaming & TECH Summit 2024 in Tallinn
-
Compliance Updates5 days ago
Update of the Danish Gambling Authority’s Anti-Money Laundering Guidance
-
Aviatrix6 days ago
Aviatrix and Wintech Gaming Solutions secure new partnership
-
Latest News6 days ago
PRAGMATIC PLAY SWEETENS UP CANDYLAND IN SWEET BONANZA 1000
-
Canada5 days ago
theScore BET and Golf Canada Announce Multi-year Partnership Extension
-
Compliance Updates5 days ago
St8.io continues licensing expansion with MGA approval
-
Compliance Updates5 days ago
Continent 8 Technologies expands in the US to support iGaming and sports betting in Nevada
-
Balkans5 days ago
EUROMAT Adds Bulgaria to its Membership at its AGM in Belgrade
